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The Value Of Genetic Information In Selection Of Replacement Holstein Heifers

Author

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  • Radke, Brian R.
  • Lloyd, James W.
  • Black, J. Roy
  • Harsh, Stephen B.

Abstract

Genetic information is valuable to livestock producers because its incorporation into their selection decisions results in improved animals. Hedonic models have been developed to value bulls' genetic traits to form a pricing mechanism for semen (Schroeder et al.; Richards and Jeffrey). Harris and Freeman estimated the economic weights of genetic traits that maximize producer income. These examples are representative of studies which valued genetic traits, but we are not aware of any research valuing the information on the underlying genetic traits.

Suggested Citation

  • Radke, Brian R. & Lloyd, James W. & Black, J. Roy & Harsh, Stephen B., 2000. "The Value Of Genetic Information In Selection Of Replacement Holstein Heifers," Staff Paper Series 11731, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    • Handle: RePEc:ags:midasp:11731
    DOI: 10.22004/ag.econ.11731
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    References listed on IDEAS

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    1. A. E. Baquet & A. N. Halter & Frank S. Conklin, 1976. "The Value of Frost Forecasting: A Bayesian Appraisal," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(3), pages 511-520.
    2. R. K. Perrin, 1972. "Asset Replacement Principles," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(1), pages 60-67.
    3. Ted C. Schroeder & Juan A. Espinosa & Barry K. Goodwin, 1992. "The Value of Genetic Traits in Purebred Dairy Bull Services," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 14(2), pages 215-226.
    4. Timothy J. Richards & Scott R. Jeffrey, 1996. "Establishing Indices of Genetic Merit Using Hedonic Pricing: An Application to Dairy Bulls in Alberta," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 44(3), pages 251-264, November.
    5. Leonard Bauer & Glen Mumey & Wayne Lohr, 1993. "Longevity and Genetic Improvement Issues in Replacing Dairy Cows," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 41(1), pages 71-80, March.
    6. Epstein, Larry G, 1980. "Decision Making and the Temporal Resolution of Uncertainty," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(2), pages 269-283, June.
    7. Karszes, Jason, 1994. "Dairy Replacement Programs: Costs and Analysis Western New York 1993," EB Series 186259, Cornell University, Department of Applied Economics and Management.
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    Cited by:

    1. Robertson, Jessica & Parcell, Joseph L., 2006. "Value Added to the Beef Cattle Chain through Genetic Management," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35345, Southern Agricultural Economics Association.

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    Keywords

    Livestock Production/Industries;

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